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Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > Don't forget Chidliak is on crown land
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Post by ekim on Apr 19, 2017 7:55pm

Don't forget Chidliak is on crown land

Just look at KIA's influence over at AEM and SBB.

AEM wanted to do a pilot project on hovercraft use.
The NIRB just rejected it -- NIRB rejects Hovercraft
A lot of that on the basis of KIA's comments strongly opposing the pilot project.

KIA is also involved with SBB and wants that project to receive NIRB approval.

Assuming AEM wants to gobble up SBB....and deal with the KIA again that just quahsed their hovercraft plans. Oh the politics and money involved.

Chidliak has no KIA or QIA involved..it is on crown land and has to deal with the federal government, the nunavut territory and the city of iqaluit.

I suspect the only benefit agreement will be a small one with the city of Iqaluit given the fact that the transportation path of goods and materials does go through the city of Iqaluit via the deep water port.

All those Lac De Gras areas have benefits agreements. Don't think any of those are on crown land. Chidliak is a bit of an anomaly in this regard.

LONG...PGD

EKIM
Comment by Kidlapik on Apr 20, 2017 11:56am
Don't kid yourself Ekim they will sign an Inuit benefits agreement with QIA for sure. No way will that mine get built and no money goes into an Inuit birthright org, no way.
Comment by ekim on Apr 20, 2017 12:29pm
They probably will...but I don't believe they need to. They will already be paying royalties to the government of Nunavut...I assume some of that is supposed to go back to the nunavut communities. They also will be on the hook for the ever increasing carbon tax levy to the federal government. The all weather road goes by some IOL lands and I know some of the claims they own and I think even ...more  
Comment by ekim on Apr 20, 2017 12:48pm
The first page after the table contents in this IIBA with BIM and QIA clearly shows the legal speak - QIA_BIM_agreement It specifically refers to IOL and Nunavut Lands Claim acts and cites specific sections in that act. It would probably be wise for PGD to set up an IIBA for all the kimberlites on IOL lands and attached to the prosperity of those pipes only. Then set up a community agreement ...more  
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